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Economics Past Questions

Study and practice Economics past questions with answers and detailed explanations. Then test your knowledge using our interactive CBT practice platform and prepare confidently for your upcoming examinations.

41 questions JAMB 2540 WAEC 1723 NECO 272 CUSTOM 10

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Question 21

waec 1989

Scarcity in Economics means that resources

AAre not enough to share among producers of goods and services

BNeeded to satisfy human wants are limited

CAre never enough to share among consumers of goods and services

DRequired to meet our essential wants are unlimited

ECan be managed if those who use them can behave rationally

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